Has the Retail-Condo Market Bottomed Out?

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Excerpt from The Real Deal website: Whereas out-of-control prices led to a slow condo-sales market, the high prices investors paid during the recovery may lead to more deals down the line. Buyers who got out over their skis and are holding out for retail rents that they’ll never achieve may be forced to sell, said Brian Steiner, a principal at the alternative lender Maxim Capital Group.

“When you get into the point of the cycle where there’s distress, that generally creates buying opportunities,” he said. 

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